Why Airline Shares Are Up Today
Airline stocks were under pressure on Monday due to investor fears that the much-anticipated federal bailout funds might be more difficult to access than first imagined. A day later, the outlook for a bailout is much better, and airline stocks are responding with gains.
Shares of United Airlines Holdings (NASDAQ: UAL) were up 10% as of 10:30 a.m. EDT on Tuesday, while shares of Delta Air Lines (NYSE: DAL), American Airlines Group (NASDAQ: AAL), Alaska Air Group (NYSE: ALK), and Allegiant Travel (NASDAQ: ALGT) were all up more than 7%.
A collection of other airlines including Hawaiian Holdings (NASDAQ: HA), JetBlue Airways (NASDAQ: JBLU), Southwest Airlines (NYSE: LUV), and Spirit Airlines (NYSE: SAVE) were all up more than 5%.
Source Fool.com
